Answer:
b.$34,320
Explanation:
Ordinary interest ; Use simple interest formula to fins amount
Amount (A) = Simple interest +Principal , and
Simple interest (S.I) = Principal * rate *time i.e. P*r*t
Principal = $33,000
rate = 6%
time in years = 8/12 <em>note: 8 months, counted from May 17 to Jan 16)</em>
Amount = [33,000*0.06 * ]+ 33,000
A = 1,320 + 33,000
A = 34,320
Therefore, the maturity value would be $34,320
Answer: Realistic job preview
Explanation:
Realistic job preview is a process conveys positive and negative job information to the applicant in an unbiased manner.
It should be noted that a realistic job preview gives information about what the job entails and the role the candidates will play when they are employed.
B is the most reasonable answer
Answer:
There is no general rule for when an account becomes uncollectible.
Explanation:
An account becomes uncollectible when an account receivable is written-off due to different situations, which means that there is no general rule for when an account becomes uncollectible.
For example, an account can become uncollectible if the debtor becomes unsolvent. It can also become uncollectible if the firm is victim of fraud, or if the firm itself decides to write-off the account due to company policy.
Answer:
Price of the bond is $2392.95
Explanation:
Price of the bond is the present value of all cash flows of the bond. Price of the bond is calculated by following formula:
According to given data
Coupon payment = C = $2,000 x 5.88% / 2 = $58.8
Number of periods = n = 2 x 23 years = 46 periods
Yield to Maturity = r = 4.5% / 2 = 2.25% semiannually
Price of the Bond = $58.8 x [ ( 1 - ( 1 + 2.25% )^-46 ) / 2.25% ] + [ $2,000 / ( 1 + 2.25% )^46 ]
Price of the Bond = $58.8 x [ ( 1 - ( 1 + 0.0225)^-46 ) / 0.0225 ] + [ $2,000 / ( 1 + 0.0225 )^46 ]
Price of the Bond = $58.8 x [ ( 1 - ( 1.0225)^-46 ) / 0.0225 ] + [ $2,000 / ( 1.0225 )^46 ]
Price of the Bond = $1674.3 + $718.65 = $2,392.95